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CALGARY, Feb. 25 /CNW/ - LeBoldus Capital Inc. ("LeBoldus" or the "Corporation") (TSXV: LEB.P) is pleased to announce closing of its previously announced non-brokered private placement of 2,000,000 common shares in the capital of the Corporation ("Common Shares") at a price of $0.10 per Common Share for aggregate proceeds of $200,000 (the "Private Placement"). The Corporation intends to use the proceeds of the Private Placement to continue to seek and complete a Qualifying Transaction (as defined under the policies of the TSX Venture Exchange). The Common Shares sold under the Private Placement are subject to applicable resale restrictions.
Statements in this press release contain forward-looking information with respect to the use of proceeds of the Private Placement. The reader is cautioned that assumptions used in the preparation of such information, including the ability of the Corporation to complete a Qualifying Transaction, may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on this forward-looking information.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE LEBOLDUS CAPITAL INC.
For further information: For further information: Evatt Merchant, President, Chief Executive Officer and Director, LeBoldus Capital Inc., Suite 400, 2710 - 17th Avenue S.E., Calgary, AB, T2A 0P6, Telephone: (403) 237-9777, Facsimile: (403) 237-9775, E-mail: email@example.com